hi, everyone. welcome to "on the money." i'm becky quick. heading to the mall? why you might want to bring workout clothes with you. can a new trend save the struggling shopping center? gas prices on the rise. how long will it last? and what's behind the snnz? checked the credit lately? you should. the equifax breach is growing. and half of the." population may be affected. and recognize this guy? the man who founded mypillow had some hard times. how he went from crack addict to running a multimillion dollar company. "on the money" starts right now. >> announcer: this is "on the money," your money, your life, your future. now, becky quick. we beginning with your shopping trip. niece days 80% of americans do

some if not all shopping online. everything from furniture to groceries. so malls are coming up with creative ways that they hope will get you back in the door. restaurants and entertainment were a start. but the latest strategy is really heating pup that's the cover story and our diana explains. >> monday easta is not a fan of shopping malls. >> i only come to the mall when i come to the gym otherwise not at all. >> which is precisely why mall landlords like this philadelphia based which enes 33,000 feet of space are actively recruiting fitness companies to fill spaces. get them into the gym and back to the mall. the number of gym leases in the malls nationwide has doubled in the last five years. >> people aren't just taking. up time at the gim here. going to the gym, clothes shopping, buying clothes. they're dining out, doing things

that are more than just working out. >> they're working out and walking in to both retail and restaurants. >> i do finds are find myself sometimes spontaneously going to mall after working out. and sometimes i go to the mall as treat if i have a good workout. >> there is no specific data showing whether the gyms drive more traffic. but the manager says he sees it anecdotally. >> we like it enough we are doing more of these. we're not just doing one or two or the one here today. we are about to open one in a washington suburb. and we've got three or four in negotiations right now. >> and the strategy benefits both the malls and the gyms. >> it's a great partnership, because the mall can feed off the gym, and the gym can feed off the mall. >> that opens the door for cross promotion. maybe you put a fitness apparel store or a juice bar on eerts

side of the gym or a few doors down and make the gym goers go further into the mall. because time in the mall is money. >> my younger days it was place to hang out, movies. now it's -- being older what do i need, can i get in and out quickly? otherwise all sorts of stuff. >> just the kind of mindset that has landlords in a sweat. it's not just large indoor malls like this but you see more boutique fitness studios in strip malls. not doenls it drive more traffic to retail but drives more regular traffic as people often have strict schedules when they go to the gym but not so much shopping. >> thank you very much. that raises the question, how are malls staying relevant in the digital age? joining us right now is retail expert jan nippen. during his career jan developed owned and operated 26 regional shopping malls. he is a consultant to the industry and thanks for being

here. >> it's a pleasure. >> let's talk about this. is it working? is this a strategy you think will take off. >> well is it working? no. is it taking off? what's the definition of working, the space is empty. we need to fill it it and get revenue. putting things in getting people to the mall is good. when it's something like a gym, you don't get much cross shopping. what happens is they come at 7 in the morning, work out and leave. 6 in the evening, workout and leave. you have to have something keeping them around. you need juice bars, things that people will do that are working out. they'll do that. but they're not very inclined to go really shop. as you said a few minutesing a they don't go in the dressing room triing on clothes after working out. >> which i said while the package was playing i can't imagine trying on underwear wfr o after working out. >> worst than that it's not just gichls. we put in restaurants, gym was,

sky diving tower, things to bring you in. grocery stores. when you put in a grocery store. they don't go into the mall. the same thing with the gyms. >> is there a solution then? is there a way to fill a space and get people in for that particular thing? is there anything you can bring them in and make them stay around. >> there is a solution. a lot of the malls will go through chapter 11. after the debt is gone they can be something else. >> in other words we have overmalled america. >> overstored, overmalls, overshopped america. we are getting worse every day as more moves om process. if there is almost 1,100 closed regional supermalls in the country. there is 400 too many many they may not go away. but they're not doing -- or now what they did then. they're different. and they're going to have to be community centers or things going on in them that don't generate as much cash toe flow.

same with stores. we closed 9,000 stores i think about last year. we opened about 3,500, 4,000. we'll close -- we could close 10 to 11,000 stores this year. last year we had 11 bankruptcies in retailing. we could have more than that this year. >> we keep thinking amazon is destroying traditional retail. was it a case we were just built up and amazon and online shopping are the tipping stone. >> when wal-mart got 50 residents cents out of dollars solve np amazon gets 35 cents out of every new dollar of sales. >> wal-mart destroyed traditional retailing over its rise. and amazon is destroying its traditional retailing over its rise. it's just the creative destruction that's always gone on in retailing. the suburban mall destroyed downtown. >> right. >> that went on over my career. but all of of the things happened. but yes it really is amazon just like it really was wal-mart.

>> amazon looking different, opening up whole foods. opening up new stores mp are we seeing more in retail space. >> i i think they are buying kohls or target. they're buying somebody and build a system because they have to get next to the consumer >> jan, i want to thank you for being with us today. great to see you. >> you too. now here is a look at what's making news heading into a new week on the money. blockbuster jo jobs report for the month of february. america's economy created 313,000 jobs last month. well above expectations. the unemployment rate was steady at 4.1%. there was strength in construction, retail manufacturing and numbers for previous months were refused up. keynote is wage grope up by 0.1%. suggesting you won't see a ton of inflation any time soon. that news sent stocks high ner early trade friday after a

volatile week with concerns about the president's announcement on tariffs and steel and aluminum imports. the s&p 500 following along, the though the nasdaq was stronger since those stocks were less likely to be affected by tariffs. stocks closed higher on friday. president trump chief economic adviser is stepping down. gary cohn one of the architects of the recent tax cut says he will resign. mr. cohn is firmly against the imimposition of err tafs no world on a replacement. up next on the money gas prices usually head down in winter. why are they rising now? and how much higher will they climb? and later, equifax announcing two million more people hit in ht data breach. find out if your credit info is out there. find out how to protect it. look at how the stock market ended the week here. liberty mutual stood with me when this guy got a flat tire

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if it seems like it's costing more to fill the tank these days, you're right. gas prices are about $25 cents a gallon higher than last carrier backup rob sinclair is here to explain why and tell us what's headed down the road so to speak. thank you for being here today. >> thanks for having me. >> it's a little weird in year because usually in the winter gas prices go down, you don't have as many people on the roads. things are then lower. that's not the case. >> not the case now. we're riding the wave as a result of hurricane harvey where gasoline prices jumped up afterwards because hitth the bred bask of guys price processes. gas price was the $47 a barrel. we're down around $61 a barrel now the main effect when the main ingredient is expensive it's in the price. gasoline prices went up 16 cents as well. >> you're talking about crude

oil above $60 a bail. . back in 2008 going back over a decade, we were looking at people on wall street calling for $200 a barrel oil. maybe historical prevc it's not awful yet. >> no it's not but we have gotten accustomed to cheaper gasoline over the past dumb couple years. we set a record for vehicle sales in 2016 wsh 17.6 million vehicles sold breaking the record the year before. there is big heavy vehicles out there. and that's playing into people whether or not they'll be able to gas those up. >> that's a good point. because we see things -- sales of suvs and trucks being the things keeping car makers afloat because there is so much demand. is there a stipg point in terms of the price per gallon at the pump that makes people stop buying those? >> we did a survey of drivers. found that 2.75 a gallon was the tipping point for 20% of drivers and 40% of them was $3 a gallon.

we're there. at that level for a lot of cities, alt of metropolitan areas around the country. >> aaa has been an add volk to have raising gas tax something we need for roads and infrastructure. did you miss the window on that. >> perhaps. because when they were low an extra two or three cents a gallon wouldn't have been a big deal. now that the price goes back up it's harder. we've been in favor of proposals raising the gas tax to five cents a gallon. the american society of civil engineers says the infrastructure -- the rural infrastructure gets a grade of d plus in it's report from last year. >> i'm not sure if my kids came who home with a d plus i'd be looking for much improvement. >> unfortunately we are just holding our own. we have to do bart. >> robert thank you for joining us. >> thanks for having me.

>> up next on the money the equifax hack got a lot worse. how do you protect personal data? and should you pay to do that? and should you pay to do that? >> later from crack addict to a

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what's going on here? i'm babysitting. that'll be $50 bucks. you said $30 dollars. it was $30 before the pizza-ordering fee and the dog-sitting fee. are those my heels? with t-mobile taxes and fees are already included, so you get four unlimited lines for just $35 bucks each. it's been six months since we found out nearly half of all americans had the personal data compromised in the cybersecurity breech at equifax. last week election fax announced

2.4 million more americans impacted. are you one of them? what can you do? jeff falling ner is president and ceo of nfcc, the national foundation for credit counseling. thank you for being here. >> thank you. >> the thing about election fax is not that we haven't had breaches on a constant basis that's been announced. . but with equifax nearly half of all americans. more than that. does this mean everybody in america is compromised. >> we should presume that. hopefully finally with this large of a breach it captures our attention to get proactive about dealing with our own personal information. >> have you seen an increase in fraud since we first found out about this? >> you know, i think the statistics say that there has been an increase constantly growing over the last several years. whether there has been a speak from this particular breach is less clear. but there is a lot of americans dealing with this. >> it's not that we haven't had

constant data breaches. like i say you turn around and it's another retailer or bank gotten hit. what's so bothersome and painful about in is you don't get to opt in or out. you don't get to decide to work with equifax. they've been gathering information on all of us. this is out there. what sort of repercussions are we seeing and what should we see in terms terms of how to prevent it. >> the best thing you can do to prevent what's gone on, what's going on and what will go on is to take control of your personal data. >> how do you do that. >> one of the ways is put a freeze on your credit report. and you have to do that each of the bureaus. right now there are fees. there is legislation that is pending before congress that removes the fees. but it's worth the fees to get it doun done. think of this as your information home. you wouldn't leave your front door unlocked or the windows open all day long every day. that's what you do with the credit if you don't have the freeze on.

>> if i put a credit freeze on i have to contact all three, jump through the hoops pay for it and try it make it happen, if i try and go and lease a car or buy a house, or how many other things, apply for a credit card, i can't. >> that's right. you have to unfreeze it. you can unfreeze it for a day. it again costs you another fee. the other thing is if you've actually had identity theft, if you -- this seems silly, if you go to the local police department, file an identity theft police report you can use that police report to get an extended fraud alert on the account. it works in a lot of ways like the credit freeze does. the freeze is free if you have identity theft as well. but this extended fraud alert is a little easier for you to manage if you're going to be needing your credit. >> early on there was talk ever penalties for equifax because they tailed to protect our data. should we feel safer? are we safer since then?

has the threat done anything? >> you know, this was a big breach. and it's a huge mistakes were around this. but we need to proactive in protecting our information. we also need to look at what we do on social media, what we put out there. because honestly, you have been you need to presume this information on the dark woeb now, will be on the dark web essentially forever. and so we need to do the big things like credit freezes or extended credit fraud alerts as well as the little every day things like limiting social media presence, our footprint, managing our passwords, being. >> don't put your birth date on the web. >> great to talk to you. >> thank you. >> up next on the money, a look at the news for the week ahead and how former drug addict turned his draem of a perfect pillow into a multimillion dollar business. is is frank's r.

frank knowns northern soul, but how to set up a limited liability company... what's that mean? not so much. so he turned to his friends at legalzoom. yup! they hooked me up. we helped with his llc, contracts, and some other stuff that's part of running a business. so frank can focus on the beat. you hear that? this is frank's record shop. and this is where life meets legal. wi'm really grateful that usaaq. was able to take care of my family while i was overseas serving. it was my very first car accident. we were hit from behind. i called usaa and the first thing they asked was 'are you ok?' they always thank you for your service, which is nice because as a spouse you serve too. we're the hayles and we're usaa members for life. see how much you could save with usaa by bundling your auto and home insurance. get a quote today. an expectation to surpass. burden. but that's the point.

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here are the stories coming up that may impact your money this we can. a very happy birthday to james taylor, the singer and song writer turned 70 on monday. on tuesday we'll see if inflation is back with the consumer price index. we'll also be getting a report of last month's retail sales. then thursday marks national pie day. pie or 3.14 is the ratio of a circle as circumference to its diameter. 3.14 thursday happens to be march 14th.

get it, 3.14. you should feel free to celebrate with your favorite slice of pie. then we'll see how manufacturing is doing with the industrial production report for the month of february. mypillow, a brand you paternal heard about from one of the ads or infomercials. the man behind it the mike lindell and his story is amazing. our jane wells got the chance to meet this unique entrepreneur. >> so this is a hammer pill. this is an old piece of a farm equipment. >> mike lindell built a pillow empire from this machine. he is a self-made success who used to be a crack addict. >> you started mypillow while you were still an addict. >> people say that all the time. they say that's one of the biggest miracles ever. >> mike always had a hard time sleeping and never liked any pillow he bought. then in 2004 he dreamed of a pillow which would hold its shape. >> i got up in the middle of the night about two in the morning and i had mypillow wrote everywhere in the kitchen and all over the house. my daughter -- one of my

daughters she came upstairs she looked around and what are you doing, dad. >> i said i've got this idea for this pillow. it's gb to be called mypillow what do you think about it. >> she looks at me and she goes that's really random and went back downstairs. >> lindell spent months cutting up pieces of foam to create a pillow which would hold its form. he then set up a mall kiosk and one of the customers turned out to run a large home show. he invited lindell to debut there and sales took off. >> then i got into crack cocaine. it's a different drug. >> lindell lost his marriage, his house and almost his business. one night in 2008 after being up for more than two weeks straight on crack, lindell's dealer put the word out on the stret that no one should sell him drugs until he slept. >> and i'm not kidding, i could not -- nobody -- and i have $100

for $5 worth. addicts on the street. i'm going, okay how could they get the word out? how did they notice me? i'm trying to hide my mustache. >> this is the depicture his dealer took in 2008. when did you hit bottom. >> it was january 16th, 2009. i had one prayer, i said god, i want to wake up in the morning and never have the desire again for this. plaus because i knew he had a big platform for me. i woke up the nextdy. i go, wow something is different. it was the most peaceful feeling i ever had. >> for every two steps forward there is one step back. after annual sales went from 100,000 to nearly $300 million in a dozen years. california authorities started accusing the company of making unsubstantiated health claims .. the bbb revoked the a plus rating because of the specials

year-round. he blames it on politicked. >> were you punished for supporting donald trump? >> absolutely. >> lindell had to lay off some employees last spring and change his advertising. but he says business is back on track. and even some of his former friends who used crack now work at mypillow. >> see i look back now and i go the only way that we were able to do that was to divine intervention. >> lindell is writing his autobiography. and his friend wants it turn it into a movie. he did a bunch of things before pillows. tried to raise pigs. was a professional card counter. it's in my podcast. >> jane, you point out he has done so many things that he tried before. does he have a plan for something else? maybe my blanket or something what's the next step. >> they are spanning to pet products and sheets and bedding.

he is using profits now starting a charity to help fund things, including non-profits which help drug addicts. >> jane, thank you so much. great story. jane wells. that's the show for today. i'm becky quick. thank you so much for joining us. next week, jay lo and a rod teepg up to teach inner city kids. keep it right here. we'll see you next weekend.

♪ - this is it -- an entire year of training and hundreds of qualifying runs, and it's all led to this moment. this is the final night of american ninja warrior, where 18 athletes will try to do what's never been done before --

conquer the world's toughest obstacle course and take home half a million dollars. hello, everyone. i'm matt iseman, alongside former nfl defensive end akbar gbajabiamila. and tonight, we could see history. before the night is through, someone could be standing atop stage four as the very first american ninja warrior. up now on the starting block, this is his fifth consecutive year on american ninja warrior. it's the 25-year-old gym owner from mount laurel, new jersey, chris wilczewski. and for this trip to the finals, he brought a friend along for the ride. - nice, mikey. mikey is an autistic student from my classes. knowing mikey, and knowing how much he loves american ninja warrior, like, i thought that it would mean the world to him to get him to come out to vegas and to see the finals and to be a part of the whole experience. he's on a roll now, you can't stop him. but i didn't have the finances to do that. so what i did is, i used crowd funding, and i sent it out to all my friends, family members,